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Consider a put option written on the Apple Inc. stock that matures 1 month from now. Its strike price is $100 and the current price
Consider a put option written on the Apple Inc. stock that matures 1 month from now. Its strike price is $100 and the current price of Apple Inc. stock is $94. The option is traded at $5.5 today. What are the possible maximum and minimum net profit at maturity of a single short position in this put option, respectively?
A. $5.5, $94.5 B. $6, $94 C. $5.5, $0 D. $94.5, $5.5 E. $0, $5.5
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